Electric Operating Margin from 2010 to 2024
| ELEC Stock | CAD 0.23 0.01 4.55% |
Check Electric Royalties financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Electric main balance sheet or income statement drivers, such as Interest Income of 23.6 K, Interest Expense of 135.8 K or Selling General Administrative of 1.7 M, as well as many exotic indicators such as Price To Sales Ratio of 113, Dividend Yield of 0.0 or PTB Ratio of 2.85. Electric financial statements analysis is a perfect complement when working with Electric Royalties Valuation or Volatility modules.
Electric | Operating Margin |
Pair Trading with Electric Royalties
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Electric Royalties position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Electric Royalties will appreciate offsetting losses from the drop in the long position's value.Moving against Electric Stock
| 0.46 | L | Loblaw Companies | PairCorr |
The ability to find closely correlated positions to Electric Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electric Royalties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Electric Royalties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Electric Royalties to buy it.
The correlation of Electric Royalties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Electric Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electric Royalties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Electric Royalties can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Electric Royalties Correlation against competitors. Note that the Electric Royalties information on this page should be used as a complementary analysis to other Electric Royalties' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Electric Stock analysis
When running Electric Royalties' price analysis, check to measure Electric Royalties' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electric Royalties is operating at the current time. Most of Electric Royalties' value examination focuses on studying past and present price action to predict the probability of Electric Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electric Royalties' price. Additionally, you may evaluate how the addition of Electric Royalties to your portfolios can decrease your overall portfolio volatility.
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